Imagine that you are planning to open a restaurant business. The first year you are open for business, you only serve dinners, and focus on building customer awareness, traffic and reputation. The second year, you expand your hours to 7am-10pm daily to add on breakfasts, brunches and lunches. The third year, you open two more full service locations. The fourth year, you set up a small vegetable farm to supply your restaurants with higher quality produce at a lower cost. In the fifth year, your garden is producing more than you can use, so you start a wholesale produce business selling and delivering your extra vegetables to other restaurants.

Imagine that you are the founder of the restaurant business described above. You are talking to a potential investor and trying to impress her with how much you know about entrepreneurial finance, and how to avoid financial fraud in your own company. Think about what you have learned from the lectures and the articles you read. Prepare, memorize and practice a timed 3 Minute Pitch describing the controls you will intend to put into place in your business to ensure financial integrity.

A list of necessary controls will suffice!